Comparison between Adishakti Loha IPO and Promax Power IPO.
Adishakti Loha IPO is a SME Fixed Price IPO proposed to list at BSE SME while Promax Power IPO is a SME Fixed Price proposed to list at BSE SME.
| Adishakti Loha IPO | Promax Power IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Turnaround Corporate Advisors Pvt.Ltd. | Finshore Management Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | NNM Securities Pvt.Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Adishakti Loha IPO is up to ₹1.89 Cr whereas the issue size of the Promax Power IPO is up to ₹1.52 Cr. The final issue price of Adishakti Loha IPO is ₹11.00 per share and of Promax Power IPO is ₹10.00 per share.
| Adishakti Loha IPO | Promax Power IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹11.00 per share | ₹10.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 10000 shares | 10000 shares |
| Fresh Issue Size | 17,20,000 shares | 15,20,000 shares |
| Fresh Issue Size (Amount) | up to ₹1.89 Cr | up to ₹1.52 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 17,20,000 shares | 15,20,000 shares |
| Issue Size Total (Amount) | up to ₹1.89 Cr | up to ₹1.52 Cr |
Adishakti Loha IPO opens on Sep 30, 2021, while Promax Power IPO opens on Sep 30, 2021. The closing date of Adishakti Loha IPO and Promax Power IPO is Oct 05, 2021, and Oct 04, 2021, respectively.
| Adishakti Loha IPO | Promax Power IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 30, 2021 | Sep 30, 2021 |
| Issue Close | Oct 05, 2021 | Oct 04, 2021 |
| Basis Of Allotment (Tentative) | Oct 07, 2021 | |
| Initiation of Refunds (Tentative) | Oct 08, 2021 | |
| Credit of Share (Tentative) | Oct 11, 2021 | |
| Listing date (Tentative) | Oct 13, 2021 | Oct 12, 2021 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Adishakti Loha IPO P/E ratio is , as compared to Promax Power IPO P/E ratio of .
| Adishakti Loha IPO | Promax Power IPO | |||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials |
|
| ||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.07 | 73.33 | ||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | ||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ||||||||||||||||||||||||||||||||||||||||||||||
| ROE | ||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | ||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | ||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | ||||||||||||||||||||||||||||||||||||||||||||||
In the Adishakti Loha IPO Retail Individual Investors (RII) are offered 8,60,000 shares while in Promax Power IPO retail investors are offered 8,60,000 shares. Qualified Institutional Buyers (QIB) are offered in Adishakti Loha IPO and in Promax Power IPO.
| Adishakti Loha IPO | Promax Power IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 1,00,000 shares | 80,000 shares |
| QIB | ||
| NII | 8,60,000 shares | 7,60,000 shares |
| RII | 8,60,000 shares | 7,60,000 shares |
| Employee | ||
| Others | ||
| Total | 17,20,000 shares | 15,20,000 shares |
Adishakti Loha IPO subscribed 1.84x in total, whereas Promax Power IPO subscribed 6.89x.
| Adishakti Loha IPO | Promax Power IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 0.81x | 2.39x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 2.87x | 11.38x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.84x | 6.89x |
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